Emerson has had a long-time R&D, manufacturing and sales presence in Europe where we employ more than 25,000 people and have 75 manufacturing locations across the region. Europe-based customers accounted for $5.2 billion in sales, or 23 percent, in fiscal 2007. We serve our European-based customers from our regional corporate headquarters in London and from in-country offices maintained by our businesses.
Eastern Europe offers particularly high growth potential for Emerson. Our company has been an active investor in this region, where we have established advanced engineering design facilities and a number of manufacturing sites. Emerson also has established strong relationships with major customers in Poland, Hungary, Russia, Turkey, Azerbaijan, Kazakhstan, and other countries